This paper analyzes how the budget allocated to state prosecutors varies from one district to another and the reasons for such variation by using theoretical and empirical methods. The main results of this paper are as follows: Other factors being equal, more politically conservative...

Is it better to move first, or second--- to innovate, or to imitate? Suppose one player has superior information about which of two new markets is better. If he enters first, he might be able to secure a natural monopoly. (The less-informed player also has this motive.) If he enters second, he...